Long Ethereum (ETH) at Current Market Price: Trading Signal
Current Price: $3450
Action: Long Ethereum (Spot & Future)
Trade Setup:
Leverage: Use low leverage (preferably 1-3x) to minimize risk
Spot + Future: A mix of spot and futures for diversified exposure
No Stop-Loss: No stop-loss set for now; focus on long-term position management
Risk Management: Avoid risking all your funds; keep some capital aside for Dollar-Cost Averaging (DCA) in case of price dips
Liquidation Price: Ensure liquidation price is well below $1000, providing enough room for market fluctuations
Targets:
Target 1: $3550 (approx. +2.91% from entry)
Target 2: $3650 (approx. +5.79% from entry)
Target 3: $3750 (approx. +8.69% from entry)
Target 4: $3850 (approx. +11.59% from entry)
Key Notes:
Low Leverage Strategy: Reduces liquidation risk while maintaining exposure to ETH's potential upside
Capital Allocation: Ensure to only risk a small portion of your overall portfolio, leaving room for future DCA opportunities.
Trade with caution and stay tuned for further updates on potential exit levels!